Lamar Advertising Company – stated on May 10, 2023 that its board of directors has a regular quarterly dividend $1.25 per share ($5.00 annually). Previously, the company paid $1.25 per share.
The shares must have been purchased before the ex-split date of June 15, 2023, to qualify for the dividend. Shareholders of record as of June 19, 2023 will receive the payment on June 30, 2023.
At the current share price of $94.57/share, the stock’s dividend yield is 5.29%.
Looking back five years and taking a sample each week, the average dividend yield has been 4.16%, the lowest 2.07%, and the highest 12.37%. The standard deviation of the yield is 1.42 (n=236).
The current dividend yield is 0.79 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 1.21. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company has a 3-year dividend growth rate of 0.25%, indicating that it has increased its dividend over time.
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What is Fund Sentiment?
there are Reporting of 987 fund or institution positions At Lamar Advertising Company -. This is an increase of 40 owners or 4.22% over the previous quarter. average portfolio weight of all funds The dedicated LAMR is 0.34%, an increase of 8.20%. The total shares owned by institutions increased by 1.44% to 106,056K shares in the last three months. put/call ratio The LAMR is 0.71, indicating a bullish outlook.
Analyst Price Forecast Indicates 20.80% Upward
By May 11, 2023, average one year price target For Lamar Advertising Company – 114.24. Forecasts range from a low of $109.08 to a high of $121.80. Average price target shows an upside of 20.80% from the latest closing price of 94.57.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for Lamar Advertising Company is – 2,177MM, a growth of 5.89%. Estimated Annual Non-GAAP eps is 5.33.
What are the other shareholders doing?
Janus Henderson Group The company holds 4,270K shares representing 4.19% ownership. In its prior filing, the firm reported representing 4,140K shares. a hike of 3.04%. Firm increased Its portfolio allocation in LAMR has increased by 12.53% as compared to the previous quarter.
Vijay Capital Management The company holds 4,245K shares representing 4.17% ownership. In its prior filing, the firm reported representing 4,105K shares. a hike of 3.28%. Firm fell short of Its portfolio allocation in LAMR has increased by 33.50% as compared to the previous quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares The company holds 3,885K shares representing 3.81% ownership. In its prior filing, the firm reported representing 3,948K shares. fall short of 1.62%. Firm increased Its portfolio allocation in LAMR has increased by 4.12% as compared to the previous quarter.
VETAX – Victory Sycamore Established Value Fund The company holds 2,880K shares representing 2.83% ownership. No change from last quarter.
IJH – iShares Core S&P Mid-Cap ETF The company holds 2,695K shares representing 2.64% ownership. In its prior filing, the firm reported representing 2,546K shares. a hike of 5.53%. Firm increased Its portfolio allocation in LAMR has increased by 5.74% as compared to the previous quarter.
Lamar Advertising Background Information
(This description is provided by the company.)
Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with over 354,500 displays in the United States and Canada. Lamar provides advertisers with a variety of billboard, interstate logo, transit and airport ad formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with over 3,600 displays.
This story originally appeared on fintail,
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